asked the Taoiseach the value of the £ on 1 January 1925, 1928, 1930, 1935, 1938, 1940, 1945, 1948, 1950, 1955, 1958, 1960, 1965, 1968, 1970, with 1925 as the base year.
Written Answers. - Currency Valuation.
184.
The value of the pound is estimated on the basis of the consumer price index which was calculated in respect of mid-January, mid-April, mid-July and mid-October during 1923 1930 and in respect of mid-February, mid-May, mid-August and mid-November from 1931 to-date. The amounts which would have been required at mid-January in the years 1928 and 1930 and at mid-February in the later years mentioned by the Deputy to purchase the same quantum of goods and services at retail prices as £1 would have purchased at mid-January 1925 are given in the following table.
|
Period |
£ |
|
|
mid-January |
1925 |
1.00 |
|
,, ,, |
1928 |
0.91 |
|
,, ,, |
1930 |
0.92 |
|
mid-February |
1935 |
0.78 |
|
,, ,, |
1938 |
0.89 |
|
,, ,, |
1940 |
1.01 |
|
,, ,, |
1945 |
1.51 |
|
,, ,, |
1948 |
1.62 |
|
,, ,, |
1950 |
1.64 |
|
,, ,, |
1955 |
2.06 |
|
,, ,, |
1958 |
2.36 |
|
,, ,, |
1960 |
2.36 |
|
,, ,, |
1965 |
2.90 |
|
,, ,, |
1968 |
3.22 |
|
,, ,, |
1970 |
3.63 |